Beazer Homes Reports Q3 Fiscal 2025 Net Loss and Revenue Decline Amid Weakening Demand

BZH
November 01, 2025

Beazer Homes USA, Inc. announced its financial results for the three and nine months ended June 30, 2025. The company reported a net loss of $0.01 per diluted share (GAAP) for the fiscal third quarter, a significant decline from a profit of $0.88 per diluted share in the prior year's fiscal third quarter.

Homebuilding revenue for the quarter was $535.4 million, representing a 9.2% decrease compared to the same period last year. Adjusted EBITDA fell 40.0% year-over-year, reflecting broad demand softness and increased buyer incentives.

Gross margin compressed to 13.5% from 17.3% in the fiscal third quarter of 2024, primarily due to higher price concessions, increased closing cost incentives, and a greater share of spec home closings. Net new home orders fell 19.5% to 861 units, and the cancellation rate rose to 19.8%, indicating weakening demand and competitive pressures in the housing market.

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